Posts Tagged: texas tax agent

Rig count vs Rent

Property valuation is an ever-changing landscape based on a variety of different factors.  Markets are local and can be affected in different ways by the same stimulus.  For example, West Texas is heavily dependent on oil prices and production, while Dallas appears hardly affected.   

It is critical to know, understand, and track the factors that directly impact your property.  Those factors that impact rent, vacancy, the concessions given and the expenses needed to operate your property.  Let’s return to West Texas and oil.  Oil prices vary daily and can create a rather choppy looking graph.  By utilizing moving averages, we can spot trends in the market price.  By using a one year moving average and a two year moving average, we can begin to see market direction.  When the two year moving average is higher than the one year, it means that prices are falling much faster and typically we are entering into a bust for oil.  On the other hand, when the one year moving average exceeds the two year moving average, we are usually entering into a boom economy for oil.  Let’s see this in action in the Permian Basin.   

The oil price tends to be a leading indicator of the Permian Basin market.  Oil shows the direction of the shift before the rig counts can react.  Below is a graph of the rig counts and you can see from the dates, that they lag when the oil moving average lines cross. 

What is most informative is the relationship between the oil rigs and market effect rent.  The direction of the rigs has an almost immediate effect on the rents charged and collected.  As rig counts drop, vacancies increase, rents drop in an attempt to keep renters, and the whole potential gross revenue of the property decreases.

By studying these market factors, you can begin to predict when the market dynamics are shifting and which way the market is headed.  By using oil price as a lead indicator in West Texas, you can begin to make proactive decisions on acquisitions, cost control, or any other number of issues in advance.  Learning the factors affecting your specific property is not something that is done well with a fleeting glance.

Hopefully your agent has time dedicated to visiting your property, interviewing those in the know, and creating the documentation to secure the tax appeal reduction you deserve.

Wayfinder Attribute: Effective

At Wayfinder, the attribute “Effective” embodies a directional and purposeful approach. It blends efficiency with dedication to excellence.

Effectiveness involves completing tasks in the most efficient way possible without sacrificing quality.

This attribute fosters a culture of inquiry, encouraging team members to ask questions that enhance understanding, drive innovation and achieve outstanding results. By doing this, it can allow us to be more efficient AND effective!

Actual vs Aspirational

At Wayfinder, integrity is one of our vital attributes.

It’s VITAL for our actual to match our aspirational, as we understand the importance of trust. Overpromising and underdelivering aren’t options.

We take pride in delivering on promises and building lasting relationships based on reliability and trustworthiness.

Wayfinder Attribute: Abundance

Vital Attribute: Abundance

Embracing the abundance attribute means selectively welcoming opportunities that align perfectly with our expertise and focus, steering clear of the distractions of ‘what if’s and maybe’s.’

The abundance mindset not only propels us forward, but it cultivates unwavering confidence in our ability to overcome obstacles and achieve success, no matter the circumstances.

Trust

At Wayfinder, we recognize trust as the cornerstone of a thriving work environment. We nurture an atmosphere where team members feel empowered to voice their ideas, take risks and rely on one another.

In teams with high levels of trust, synergy emerges-like musicians in a symphony. Each member understands their role and how it contributes to the collective performance. Just as musicians in an orchestra intuitively anticipate each other’s cues and rhythms, team members with trust are attuned to each other’s needs and strengths.

The Real Housewife of Wayfinder Tax Relief

You may think that your accountant’s life is about as interesting as watching paint dry, and you would probably be right. But not all accountants are boring!

Experience our founder, William Ryan, like you never have before, from his beautiful wife’s point of view! 

Getting More Done

Are you maximizing your time?

Maximizing your time at work isn’t just about clocking in long hours; it’s about making every moment count. Efficiency is key. At Wayfinder, we leverage our unique strengths and collaborate effectively, so we’re able to accomplish more in less time. We provide support and resources to help our team members prioritize tasks, eliminate bottlenecks, and streamline processes.

It’s not about the time you put in working, but what you put into your work!

High Love High Expectations

Set a high bar and motivate someone to reach it with love

We believe in nurturing a supportive and caring environment while also setting high standards for ourselves and each other. This approach fosters a culture of empowerment and accountability, where team members feel valued and motivated to excel.

At Wayfinder, team member’s unique abilities are not just recognized but highly valued. By setting high standards and stepping outside of our comfort zone, we aim to inspire and motivate each other with love.

Wayfinder Attribute: Excellence

Vital Attribute: Excellence

Excellence is ingrained in everything we do.

We strive to deliver top-notch services and products, ensuring you with the best experience.

Our commitment to quality extends beyond mere satisfaction; we consistently go above and beyond in every circumstance. This dedication is what truly distinguishes us from our competitors.

Overcoming

Overcoming things, you once thought you couldn’t

‘Strength doesn’t come from what you can do, it comes from overcoming things that you once thought you couldn’t.’

We as a team work so hard to get a reduction on all of our properties. We want what is best for you! We will fight for you!

Brittany Cass, a survivor of a head-on drunk driving crash, shares her journey of resilience and determination in overcoming the effects of alcohol misuse. Overcoming obstacles can empowers us to navigate challenges that may seem impossible.

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